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GasBuddy News Article

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Energy boom may yield geopolitical shift for U.S

Reuters -- The sudden boom in U.S. oil and natural gas production could eventually lead to a shift in relations with the Middle East as the United States becomes a net exporter of energy, President Barack Obama said in an interview published on Wednesday.

The United States is on track to surpass Saudi Arabia as the world's top oil producer by 2017. As early as 2016, the government has said the U.S. could be a net exporter of natural gas, and the Obama administration is weighing whether to allow exports to a broader range of destinations.

"The United States is going to be a net exporter of energy because of new technologies and what we're doing with natural gas and oil," Obama said in an interview with TIME magazine, noting that foreign oil imports have dropped, a trend he said he expects to continu


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Submitted Dec 20, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Energy boom may yield geopolitical shift for U.S Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 22, 2012 10:21:45 PM

time will tell if it turns into a geopolitical shift.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 22, 2012 6:40:56 AM

we will never be energy independent. Less dependent, yes, independent, no.
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zdcatc12
Champion Author San Antonio

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Message Posted: Dec 21, 2012 9:27:23 AM

Only time will tell.
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mswillia
Champion Author Milwaukee

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Message Posted: Dec 21, 2012 7:41:20 AM

energy independence is the goal
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remay
Champion Author Houston

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Message Posted: Dec 21, 2012 6:32:21 AM

Has ANY study been done on how long this "boom" of NG will last? Everyone acts like this is forever and resources are endless!
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tomok
Champion Author Portland

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Message Posted: Dec 21, 2012 2:56:50 AM

Energy boom may yield geopolitical shift for U.S and more profits for Big Oil and Big Gas. Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit.
The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
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52MPG
Champion Author Dayton

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Message Posted: Dec 21, 2012 1:49:58 AM

Even after Obama limited drilling on federal lands.
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UpSol7
Champion Author Augusta

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Message Posted: Dec 20, 2012 11:31:21 PM

the new opec
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Zonk
Champion Author Michigan

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Message Posted: Dec 20, 2012 10:28:46 PM

A U.S., Canada, and Mexico unification might support a geopolitical shift.
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Brucevanf
Champion Author New Brunswick

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Message Posted: Dec 20, 2012 10:20:17 PM

Once the greed kicks in this will price itself out of the market.
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jcdakota
Champion Author Baltimore

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Message Posted: Dec 20, 2012 10:17:39 PM

Yeah gas is over $3 a gallon here but the US will export natural gas instead of encouraging more CNG vehicles and refueling stations here to further lower demand for foreign oil.
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goldrose1
Champion Author Cleveland

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Message Posted: Dec 20, 2012 10:12:50 PM

What does a country have to do to get on that list? Bet they don't have to accept a cut in US foreign aid.
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naspa
Champion Author Cleveland

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Message Posted: Dec 20, 2012 10:10:04 PM

Gloom and doom. That's what I see in the future.
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Steve6921
Veteran Author New Hampshire

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Message Posted: Dec 20, 2012 10:09:45 PM

Then why are gas prices going up
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rodzilla123
Champion Author San Diego

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Message Posted: Dec 20, 2012 10:09:32 PM

I just Love It when Mr. Nobody tries to take credit for something He and His Policies have tried to squash and stop to help destroy this Nation. Such a GOOBER, and the worst part is, that their are so many other GOOBERS in this country that Believe in him. Unbelievable!!!!!
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boatfloyd
Champion Author Jacksonville

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Message Posted: Dec 20, 2012 10:09:17 PM

Will be an interesting change for the world.
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Dodge_Me
Champion Author Atlanta

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Message Posted: Dec 20, 2012 10:08:08 PM

Hmm
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Beau2140
Champion Author New York

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Message Posted: Dec 20, 2012 10:07:10 PM

OK
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bridgerunner
Champion Author Virginia

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Message Posted: Dec 20, 2012 10:06:36 PM

I think so.
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CivicMA
Champion Author Boston

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Message Posted: Dec 20, 2012 10:06:18 PM

Could be interesting.
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yakstar
Champion Author Montreal

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Message Posted: Dec 20, 2012 10:05:47 PM

whatever...
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 20, 2012 10:04:31 PM

Spankster: of course, the consumer always picks up the final bill....
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PrinceLH
Champion Author Ontario

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Message Posted: Dec 20, 2012 10:02:48 PM

Still no lower prices.
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Spankster85
Champion Author Chicago

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Message Posted: Dec 20, 2012 10:01:35 PM

And we'll still end up paying through the nose.
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cheaper0ON
Champion Author Ontario

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Message Posted: Dec 20, 2012 10:01:23 PM

Okay.
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Darwin00
Champion Author Mississippi

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Message Posted: Dec 20, 2012 10:01:09 PM

Go natural gas!
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gd83goldwinger
Champion Author South Bend

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Message Posted: Dec 20, 2012 9:55:47 PM

I'll believe when I see it happen.
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clermont40miles
Champion Author Cincinnati

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Message Posted: Dec 20, 2012 9:54:58 PM

We will see how this plays out.

We are not a net exporter yet.
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PizzaMon
Champion Author Philadelphia

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Message Posted: Dec 20, 2012 9:53:43 PM

Time for the shift to occur.
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DustyHorse
Champion Author Virginia

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Message Posted: Dec 20, 2012 9:53:02 PM

Interesting.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 20, 2012 9:52:09 PM

That's where you're wrong, @rjoeh. Bush did the spending and the President is forced to do the taxing.

Once again, it's the Democrats who get stuck with the check while the Republicans dine and dash.
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JCS319
Champion Author Tacoma

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Message Posted: Dec 20, 2012 9:50:23 PM

@Aviator_Rob: Tell it like it is brother!
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 20, 2012 9:48:50 PM

Who is this "we" you're talking about, @rampower80?

As if you had anything to say about any of this.
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hyeglenn
Champion Author Fresno

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Message Posted: Dec 20, 2012 9:47:14 PM

I do not believe anything this President has to say.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 20, 2012 9:47:08 PM

@truckguy115, do you honestly think Mitt was planning any different?

Romney would have paid Big Oil to export our gas.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 20, 2012 9:45:37 PM

Better get used to high gas prices, @sickhp, because to Big Oil, "Drill, baby, drill!" translates into "Export, baby, export!"
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DrZNY
Champion Author Albany

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Message Posted: Dec 20, 2012 9:45:04 PM

Will have to wait and see.
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weenerdog
Champion Author Detroit

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Message Posted: Dec 20, 2012 9:44:52 PM

This is almost as funny as the Alaska article.
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bvrbill
Champion Author Eugene

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Message Posted: Dec 20, 2012 9:44:23 PM

Better to be a player than to be played.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 20, 2012 9:44:06 PM

Like I said, @ejl2000. Nobody's blaming you because you don't count. Just go back to the conspiracy website you came from.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 20, 2012 9:42:45 PM

Wow, @5Golfer8. I felt the world get just a bit more stupid after reading your post.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 20, 2012 9:41:48 PM

Net exporter? Not of oil, that's for sure. We'd need to produce 20 million barrels per day to meet our oil needs. The most rosy estimates top out at 12 million barrels per day.

The extra 8 million barrels has to come from somewhere.
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chuckhermann
Champion Author New York

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Message Posted: Dec 20, 2012 9:41:27 PM

Let's use what we need first and then sell the rest
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Brunduski
All-Star Author Missouri

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Message Posted: Dec 20, 2012 9:40:52 PM

And to think his second term hasn't even started yet.
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oldiesman
Champion Author New York

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Message Posted: Dec 20, 2012 9:39:04 PM

We don't need the Saudis
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hoosierva
Champion Author Indianapolis

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Message Posted: Dec 20, 2012 9:39:01 PM

yeah right.
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5Golfer8
Champion Author Tucson

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Message Posted: Dec 20, 2012 9:37:22 PM

What did you expect from a moslem.
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abacus44
Champion Author Toms River

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Message Posted: Dec 20, 2012 9:37:18 PM

We'll see.
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ejl2000
Champion Author New Jersey

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Message Posted: Dec 20, 2012 9:36:56 PM

DC will screw us and give it all away! .......Hey don't blame me .... I didn't vote this clown back in for four more years!!!! Get ready the WORSE is yet to come!!!!
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toadNY
Champion Author Albany

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Message Posted: Dec 20, 2012 9:36:23 PM

I agree BrucePen.
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